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move to drop their nuclear program. members of north korea's national defense commission said the proposal was unacceptable. they called on the security counsel to retract economic penalties imposed after the country's latest missile launch and nuclear tests and demanded that u.s. and south korean commanders suspend military exercises currently under way in the south. the commission members also said the military forces and the people of north korea are closely watching what steps the u.s. and its followers will take. the remark suggests that there is still room for dialogue with the u.s. and south korea. >>> south korea's foreign minister is playing go between in an effort to keep an annual summit with japan and china on the calendar. yun byung-se in seoul says he will also raise the north korea issue. officials have been preparing to host the summit in late may. a diplomatic source saying young is expected to meet the other foreign ministers. the source says yung will try to convince the two ministers to proceed with the talks as planned. they believe it's too early to hold
with aircraft from china. self-defense force pilots took to the air more than 300 times in the past year to respond to chinese activity, surpassing the number for russian planes for the first time. defense ministry officials say pilots made emergency take-offs against foreign aircraft approaching japanese air space 567 times from april 2012 to the end of march of this year. that's a 20-year high. the number of scrambles against chinese planes almost doubled from the previous fisc year. they increased sharply after last september following the japanese government's move to nationalize the senkaku islands. a chinese government plane flew close to the islands last year, the first intrusion into japanese airspace since the sdf began keeping records. >> translator: at this point, i don't think china would make approaches that would turn into military conflicts with japan. >> but a former air self-defense force commander also says if japan softens its stance on territorial protection, china could become increasingly active. >>> south korean president park says enough is enough. she says it's t
of defense is currently spending $10 billion more conducting the war effort in afghanistan this year than was estimated would be necessary. from what we understand, in order to make up for this estimation the department of defense will have to pull from other funds from its base budget, which is difficult because of sequestration and the other long-term spending limits imposed by the budget control act of 2011. the problems with trying to budget and plan for a war a year in advance and how unforeseen costs can arise. at the same time a $10 billion is copulation is a little alarming. -- miss calculation is a little bit alarming. general, can you explain to us how that underestimation occurred? that we insidere u.s. forces in afghanistan under estimated $10 billion for our requirements for this year. i can assure you we have gone back and look at every dollar we have spent to make sure we have spent to good effect. we have significantly reduced the money we are spending in afghanistan. i will go back and take a look at where the projection came from and why we are in the position we are in
heard in my entire 64 years. what is this nonsense that they are spreading? >> the u.s. defense secretary has reiterated the u.s. .ommitment to israel's security jon kay geomet israel's prime minister on tuesday. they have been discussing the terms terms of a multibillion- dollar arms deals. -- chuck hagel visited the prime minister on tuesday. >> israel appreciates deeply the support, the military and security support, that it enjoys from the united states. it reflects a very deep alliance between our two countries in the defense of our common interests and values. nowhere are these values and interests challenged more than by the arming of the terrorist groups by iran with sophisticated weapons. equally, iran los attempt to arm itself with nuclear weapons. >> a palestinian prisoner has agreed to in his hunger strike in exchange for an early release. samer issawi has been refusing food for the past eight months. the strike has led to weeks of protest against israel detention policies. he was due to remain and prison until 2029 but will now be released this year. for more on thi
for self-defense and for hunting and for sportsman activities. target shooting. i still go target shooting basically out my backyard in searchlight with my grandchildren. but i've always had trouble understanding why people need assault weapons to hunt or protect their homes or to target shoot. when the assault weapons ban came before the senate for a vote ten years ago, i called my friends, one in particular, who is a real advocate with -- on guns. and he said to me, you can't define an assault weapon. why are you doing this? you can't define an assault weapon. he convinced me he was right, so i voted against that. i voted against the ban. just about a month ago i called this same friend. i asked if his opinion had changed. generally no, but specifically yes, it had changed. he still opposes a ban on assault weapons. i said tell me why. i found his new reasoning absurd. and even though i care a great deal about my friend, he's headed in the wrong direction. so it caused me to reassess my position. he said do police have assault weapons? i said, yeah, some of them. he said if they have the
that says maybe you should move back into tech and out of some of those defensive consumer areas. >> we're not there. we've been advocating what we've been calling stocks with bond-like characteristics for better part of two years and we really pressed that at the beginning of this year. we are not ready to make that change. if through earnings season and as we get into the full april data set you really were to see a significant correction, probably in the overall market but certainly in those capital spend sensitive sectors, then you might get a window to do it. but we would not be doing that today. >> obviously, barry, then the alternative might be to continue to buy some of these defensive names and we see them at the top of the list today. the verizons and pepsis. don't you run into a valuation question there? how expensive do they get when even they are not a good alternative? >> we don't think valuation matters a whole lot for those stocks. we think it is more about the huge tentacle created by fed buying and now bank of japan. some of that buying weakened into the u.s. this is t
defense ministers have already begun consideration of the size and mission for a post-2014 force in afghanistan. one factor that will influence that decision is the size and capacity of the afghan security forces. in this regard, the recent decision by nato defense ministers to support maintaining the afghan security forces at the current 352,000 through 2018, rather than reducing the support to a level of 230,000, as previously planned, is the right thing to do. it sends an important signal of our continued commitment to a safe and secure afghanistan and make it feasible for us to have a smaller u.s. and coalition presence after 2014. the greatest challenge to afghanistan's security is not the taliban, but the pakistan- based sanctuaries for militant extremists, launching cross border attacks into afghanistan. pakistan has said it supports a stable and secure afghanistan. but its actions belie its words. the u.s.-pakistan relationship will not be normalized so long as those extremists safe havens exist on pakistani territory. another large challenge to a stable afghanistan is th
challenges in trimming the defense budget has this program is in some ways singular in terms of its cost overrides, it's delays in the way it's been structured to as a right and a piece, it's most effective defense advocate will not be all of its radars and sensors and missiles and stealth technology and ability to fly at superfast. it may be the way it's designed to avoid coverage in washington. >> german finance minister wolfgang schauble was in washingtwashingt on today. he said he expects the european economy to begin improving in 2014 lead at a slower rate than the united states in developing nations. mr. schauble is attending the g20 finance ministry meetings. from the council on foreign relations, this is an hour. [inaudible conversations] >> be careful. >> ladies and gentlemen i am carla hills. i'm cochair of the council on foreign relations and we are privileged indeed to have with us the honorable wolfgang schauble, a highly experienced german government official who is currently serving as minister of finance. you have his resume and we are running late so to maximize their t
are again, a defensive day by and large. the big question i got early this morning is what the heck happened in germany? i don't have an answer for you, and some people are calling it a mini flash crash. the dax dropped 180 points in like, eight minutes right after the open and i don't have an explanation and there is a series floating around about fat figure trades and it was very unusual to see that. germany is now down eight in a row and we are are down 1.7% in germany. france was down 1.5% and there were many knock-on effects as a result of this and that's all i can tell you about it. carl, i think you were mentioning these ping-pong markets and that's the other big topic overnight. so you are down 234 on monday and you're up 160 on tuesday. you are down 103 on wednesday here and it's very tough for active traders to take positions. you get a lot of complaints about this stuff. you get stripped out every day depending on which side you're buying protection on, going long or going short and it's hard to take positions and it gets frustrating for active traders and of course, you can stand
without using components made by potential adversaries, and i gave a talk at national defense university in washington three years ago, and they said, yeah, we kind of know that, but the defense contractors control congress, and nobody cares. okay, i'm not a defense guy. i'm talking to military officers. you guys worry about it. now, if you don't mind the idea of the u.s. being dependent for its defense on a hostile deck at a timer ship, go ahead. t somebody else about it, but that's part of free trade. other nations manage this stuff. the u.s. historically prior to the end of the cold war had controls on this stuff because we understood that you need descril base, not just for economic reasons, but also for security. now, interestingly enough, this ties back into american history because i mentioned al exapedder hamilton before. one of the reasons that he became a protectionist, and he was the lone economist among the founding fathers, the guy who turned this country in that direction. he talked to general washington and said, look, if we just have free trade in the new country pee put
addressed the the media calling defense be tried in open court, as adults. >> they consider the home situation of the minor. the consider whether the minor is going to school are they truant, what type of stability they have. the court will consider all these factors that make a decision and determining whether they should remain in juvenile hall pending the case. >> >> the family addressed the media with their attorney calling the defense be tried in open court as adults. that decision could take up to a month. >> vandalism incidents in san jose appear to be connected. at&t announced a $250,000 reward for a formation that will lead to an arrest a suspect or suspects response overcutting at&t fiber-optic cables. >> this is video from our helicopter partnership with abc seven news. it shows that pg&e substation of metcalf road which was started by government of before 2:00 to the morningg. >> santa clara county sheriff's laurie smith says just prior to that someone cut at&t fiber optic cables affecting 911 emergency phone service in the south bay. an oil leak caused by the gunfire, ha
to aerospace and defense customers during that quarter. dupont reporting 1.56 per share. that was four cents higher than wall street estimates. chairman and ceo will be joining us in a few minutes to talk about all of that. among the other stories we're following this morning a car bomb hit the france embassy in libya today. two french guards were injured. there was extensive damage. this was the first attack on a foreign mission since militants stormed u.s. consulate in benghazi. >> u.s. equity futures have been indicated higher. came in looking at moderate red arrows. dow futures up 65 points above fair value. s&p up by better than four and a half points. overseas in asia overnight you did see a little bit of weakness. hang seng down 1%. and in europe right now, the trends there at least have been following what we have seen here. in fact, the cac is up 2.5%. da x-up 1.6%. the markets have a healthy dose of earnings today. we have seen a lot of that. the market is attractively valued. but he says there are still shorter term technical concerns. joining us is john lynch at wells fargo bank.
Search Results 0 to 11 of about 12